Few days ago a Wall Street Journal report says that the Chinese smartphone manufacturer Xiaomi is looking to move away from Qualcomm as its primary chip provider and start developing its own Pinecone smartphone processor. Now the company has scheduled an event on February 28th to introduce the processor.

"Xiaomi Pinecone SoC launch invite"

By building its own SoC, Xiaomi will join other smartphone majors like Apple, Samsung and Huawei who also make their own chips. According to earlier rumors, Pinecone could be the processor used in the Mi 6, which is expected to release next month.

According to ars Technica, Xiaomi paid $15 Million to acquire mobile processor technology from Datang subsidiary Leadcore Techology Ltd. The deal was made via Beijing Pinecone Electronics, a Xiaomi-linked private entity back in 2014.

The event takes place at Beijing National Convention Center and starts at 2PM CT (11:30 AM IST). We should know all the details about Xiaomi’s first processor next week.

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